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    2759 Mt Pleasant St Burlington, IA 52601-2137
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    Property profile & analytics

    2759 Mt Pleasant St Burlington, IA 52601-2137


    • Hotels
    • 35,088 SF
    • 4.29 lot acres
    Off-Market
    Last Sale Aug 28, 2020
    $1,650,000
    Property ID
    US25-0079868
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,625,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Howard Johnson by Wyndham Burlington / Hotel & Motel

    Property Details for 2759 Mt Pleasant St

    Year built
    1969
    Lot size
    4.29 lot acres
    Property size
    35,088 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    11-31-101-045
    APU
    1131101045

    Description

    This exceptional 4.29-acre property, located at 2759 Mt. Pleasant St in Burlington, Iowa (zip code 52601), presents a unique investment opportunity. The property, a former Howard Johnson's restaurant, boasts a prime location just off Highway 61, offering convenient access and high visibility. Its proximity to the Catfish Bend Casino and the Mississippi River ensures significant foot traffic and potential for a thriving business. The two-story building, constructed in 1969, features ample parking with 164 spaces. While the previous use was a 154-room hotel with 98 operational rooms at the time of closure, the property is currently being offered as a restaurant opportunity. The substantial lot size provides significant expansion potential or the possibility of developing complementary businesses. The asking price for this remarkable property is $2,900,000. This is a rare chance to acquire a well-situated, sizeable property with significant historical significance and redevelopment potential in a desirable location. The property's unique history and ample space offer a blank canvas for a creative entrepreneur to establish a successful and memorable establishment. The existing infrastructure provides a solid foundation for a variety of restaurant concepts.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $1,485,000
      ML approach
      $1,580,000
    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,330,000
      INDUSTRIAL (GENERAL)
      $2,000,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Des Moines
    State
    Iowa
    Longitude
    -91.1399
    Latitude
    40.825
    CBSA code
    15460
    CBSA name
    BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $57,546
    $544,100
    $1,665,900
    $2,210,000
    -
    $544,100
    $1,665,900
    $2,210,000
    More about this property
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